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Nexus acquires medical tourism specialist Sure Insurance Services
The business will become part of Millstream Underwriting, which has...
Willis makes new leadership appointments in Asia
These changes and new leadership roles recognise the significant...
Japan issued tsunami alerts after a series of strong quakes in the Sea of Japan
A tsunami of about 3 metres high was expected to hit Niigata and other prefectures on the western coast of Japan. Smaller tsunami waves were already confirmed to have reached the coastline, according to NHK.The area includes a nuclear plant. Tokyo Electric Power Co.,...
Global Economy: Rising shipping costs to push inflation
Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight Shipping costs are rising as hundreds of container ships that typically transit the...
US sinks 3 Houthi vessels that attacked its container ship in Red Sea
CENTCOM said the navy responded to a request for assistance from the Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container ship that reported coming under attack for a second time in 24 hours while transiting the Red Sea The Houthis have...
Consulting firm McKinsey agrees to USD 78 million settlement with insurers over opioids
The insurers argued that McKinsey worked with Purdue Pharma – the maker of OxyContin – to create and employ aggressive marketing and sales tactics to overcome doctors' reservations about the highly addictive drugs. Insurers said that forced them to pay for...
Eurostar cancels trains due to flooding, stranding hundreds of travelers in Paris and London
The U.K. has been battered by strong, gusty winds and heavy rain brought by Storm Gerrit throughout the holiday period. More stormy weather and travel disruption is expected during the last weekend of the year The holiday travel plans of hundreds of people were...
China revises company law to tighten capital contribution rules
PricewaterhouseCoopers said on its social media account last month that the change appears to be aimed at better protecting creditors, although it’s also likely to “lower investors’ enthusiasm to start new businesses.” Chinese lawmakers changed the country’s Company...
Google settles $5 billion consumer privacy lawsuit
The plaintiffs alleged that Google’s analytics, cookies and apps let the Alphabet unit track their activity even when they set Google’s Chrome browser to “Incognito” mode and other browsers to “private” browsing mode Alphabet’s Google has agreed to settle a lawsuit...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter
Global property catastrophe reinsurance risk-adjusted rate changes averaged from near-flat to single-digits up for non-loss impacted and 10%-30% up for loss-impacted programs, with a wide range of outcomes around these averages Guy Carpenter and AM Best’s 2023...
World population to top 8 billion by January 1,adds 75 million this year
The worldwide growth rate in the past year was just under 1 per cent. At the start of 2024, 4.3 births and two deaths are expected worldwide every second, according to the Census Bureau figures Washington: The world population grew by 75 million people over the past...
Self-driving cars could be on UK roads by 2026:Minister
Critics of the technology, which has been trialed in the United States, say that the vehicles can cause crashes, and in California, regulators ordered General Motors’ driverless car unit Cruise to remove its vehicles from state roads after an accident in October...